DoubleLine Multi-Sector Income ETF (NYSEARCA:DMX – Get Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,912 shares, a growth of 536.1% from the May 14th total of 6,117 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 20,455 shares, the days-to-cover ratio is presently 1.9 days.
DoubleLine Multi-Sector Income ETF Stock Performance
NYSEARCA:DMX traded up $0.16 during trading hours on Thursday, hitting $50.13. The company’s stock had a trading volume of 13,847 shares, compared to its average volume of 12,207. The stock has a fifty day moving average of $50.18 and a 200-day moving average of $50.37. DoubleLine Multi-Sector Income ETF has a 52-week low of $49.75 and a 52-week high of $50.87.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Walser Wealth Management Company A Ltd Liability Co purchased a new position in shares of DoubleLine Multi-Sector Income ETF in the 1st quarter valued at $282,000. Seascape Capital Management grew its position in shares of DoubleLine Multi-Sector Income ETF by 5.0% in the 1st quarter. Seascape Capital Management now owns 154,634 shares of the company’s stock valued at $7,744,000 after buying an additional 7,310 shares during the last quarter. Root Financial Partners LLC purchased a new position in shares of DoubleLine Multi-Sector Income ETF during the first quarter worth approximately $38,000. Foundations Investment Advisors LLC grew its position in shares of DoubleLine Multi-Sector Income ETF by 52.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 249,936 shares of the company’s stock worth $12,627,000 after acquiring an additional 86,308 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of DoubleLine Multi-Sector Income ETF by 3.8% during the fourth quarter. Sanctuary Advisors LLC now owns 125,612 shares of the company’s stock worth $6,346,000 after acquiring an additional 4,638 shares during the last quarter.
DoubleLine Multi-Sector Income ETF Company Profile
The DoubleLine Multi-Sector Income ETF (DMX) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed, seeking to provide income and, to a lesser extent, capital appreciation. The fund invests in a broad-based, US bond portfolio of varying credit qualities with intermediate maturities. DMX was launched on Nov 29, 2024 and is issued by DoubleLine.
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